Changing Your Investments

Restrictions on Reallocation

The Plan Administrator has the authority to adopt rules and procedures and to take any and all actions as the Plan Administrator deems necessary or advisable regarding any matter related to the election and use of the Plan’s investment options. Accordingly, the Plan Administrator has the authority to:

• Adopt rules, procedures and actions to prevent frequent trading in the investment options that appears to be for the purpose of taking advantage of short-term fluctuations in the securities market (as determined by the Plan Administrator); and
• Without prior notice to any participant, to suspend or limit transfers between and among the investment options or to delay effecting transfers between and among investment options for one or more days, if the Plan Administrator determines that such action is necessary or advisable:
  • In light of unusual market conditions;
  • In response to technical or mechanical problems with the automated response system or the Plan recordkeeper;
  • In connection with any suspension of normal trading activity on the New York Stock Exchange or the Nasdaq National Market;
  • To prevent frequent trading; or
  • To protect the interests of other participants and their beneficiaries.